Artis Real Estate Investment Trust Third Quarter 2024 Earnings: CA$0.11 loss per share (vs CA$1.29 loss in 3Q 2023)

Artis Real Estate Investment Trust (TSE:AX.UN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$66.4m (down 4.4% from 3Q 2023).
• Net loss: CA$11.6m (loss narrowed by 92% from 3Q 2023).
• CA$0.11 loss per share (improved from CA$1.29 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Artis Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the REITs industry in Canada are expected to remain flat.

Performance of the Canadian REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Artis Real Estate Investment Trust (including 2 which shouldn't be ignored).

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